With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Tycoon, the first Social Trading platform developed by Professional Traders has arrived.
Now that I have your attention, let’s get right to it.
But before we go any further, please check out this video presentation to get even more acquainted
What exactly is TYCOON?
As depicted on the official website of Tycoon, Tycoon is the first Social Trading platform developed by Professional Traders. If you read this then you have probably been for the lookout for a Social Trading platform that is focused on Crypto. And you probably have tried some solutions that did not satisfy you. That is exactly where Tycoon is coming from.
As Professional Traders the founders of this project have evaluated all available Social Trading Platforms for personal use, but were unable to find a solution that has been developed with the Trader in mind. Most of the existing solutions do not meet the needs of Professional Traders. As a result there is weak adoption and limited use for Retail Traders. Our aim is to entirely change this game.
If you have less than 2 years experience in this market and are not familiar with analyzing historical price action, Market Dynamics, Macro Trend Analysis, Risk Management (to name a few) then there is a high degree of probability you will not succeed instantly to turn a profit through trading this market. The more likely scenario is that after the first year trading you will be in a loss, despite allocating a big portion of your day to understand the dynamics of the market and making better informed decisions moving forward.
Hence this is also why there is an increasing demand in this market for trading platforms that allow you to reduce the risk by following already successful traders. Traders that have no interest to share their strategies with a following base, but you do not mind to be transparent about their trades so followers can copy their trades and step up their game in the process.
Tycoon was designed by Traders for Traders. It meets all the demands Pro Traders have in order to get strong adoption. Only of Pro Traders adopt the platform, Retail traders can benefit from that and select their favorite trader from a large pool of traders. The bigger the pool and the more sophisticated the ranking system, the more it becomes likely that a Retail Trader is able to identify a Pro Trader that has a similar trading style, who wants to trade the same crypto assets and who beats the market at the same time. As Professional Traders, the founders of Tycoon know exactly what Pro Traders are looking for and they don‘t find it with existing platforms. Therefore our key differentiation is to build a platform with having the Pro Trader in mind. Only that can lead to significant adoption. Without adoption from Pro Traders there is no use case for Retail Traders?
Using Tycoon inexperienced investors are able to delegate above-mentioned difficulties to an expert. A mere single login opens the door to the world of Blockchain technology and cryptocurrency trading.
The investor is able to use his demo account, explore the platform, gain initial experience in the crypto-market and select his favorite traders immediately upon the first login. The platform is providing necessary instructions for the first steps of every user, like creating wallets on supported exchanges.
With only one registration on Tycoon, investors receive easy access to cryptocurrencies and experienced traders. In contrast to available solutions on the market, Tycoon only publishes strategies actually implemented by the respective trader in their own portfolio. The platform recognizes and processes all trades in real time. This feature ensures a maximum of transparency with regards to past trading results. This leads to a bulletproof foundation for successful cryptocurrency trading.
The Vision and Mission
By ensuring the needs of traders, Tycoon began developing the Platform in 2018. And after going through experiments based on available time frames, both a short time frame and a higher time frame, conclusions were found on the problems, namely by selling news and information about trade which aims to make money. Because by using the Platform Tycoon, a trader can easily copy and follow the trading methods carried out by professional traders. That is by way of copying trade transactions carried out by professional traders with just a few clicks, then you already understand how to trade with professionals through the transaction list. Because Tycoon is a trading platform designed by traders and for the benefit of traders. And Tycoon allows everyone to access this knowledge and experience to maximize profits while minimizing risk at the same time.
About The Tycoon Platform
Explore an ever-expanding variety of cryptocurrencies and automatically copy the underlying assets from professional Traders in our community.
Build your portfolio and enjoy the security and benefits of the biggest exchanges in one place.
Explore an ever-expanding variety of cryptocurrencies and automatically copy the underlying assets from professional Traders in our community. Build your portfolio and enjoy the security and benefits of the biggest exchanges in one place.
Followers are able to copy investment strategies from professional traders without entrusting their investments to unknown third-party institutions.
Traders are classified according to various characteristics and can be sorted by the follower in any way desired.
Followers also have the option to operate on the platform anonymously.
Successful traders profit from their followers added investments without having to manage it themselves.
Without additional effort
Traders profit from their followers returns on investment pro rate, without much additional effort.
All users have the option to work with an alias to protect their privacy.
Optimal Support In Selection Of Traders
Tycoon is very concerned about the future of the traders. Because by arranging trades, and records of data prepared by Tycoon are available to potential followers. Because by implementing a transparent system, Tycoon also uses methods that are public and can be seen by other traders about the statistics that are applied, and how the work is done by professional traders, so that new traders can see the data through platforms on social media.
Flexibility In Following
For traders who have registered at Platform Tycoon, have the right to get the same service and have the right to decide what steps will be taken later in the trade. Here Tycoon is free to make a decision about what the trader wants to do, whether he wants to continue to trade and he can follow other traders with a single click. However, if the traders are not satisfied, but not stop to subscribe, then the subscription will be extended for one month. And if the followers are not satisfied with the results obtained during the subscription, then the followers are free to cancel the following. All this is done to give traders a sense of transparency for the purpose of providing mutually beneficial results of course.
By using an Algorithm system, where the stop-loss functions to decide whether the initial capital will be exchanged back to the base currency. So this aims to avoid losses among traders. Because if the price of an open market experiences offspring, then the capital allocated by the trader can still be maintained. Because stop-loss can be adjusted by each trader individually, and stop-loss represents a security aspect that includes the initial capital issued by the traders.
Optimum support in the selection of traders
Flexibility in following
Optimum support in positioning on Tycoon
The profile of the trader consists of two parts. By setting trades, data records are created which are prepared by Tycoon and made available to potential followers. In addition, the feeds, which are either public or only visible to followers, can be evaluated in the form of likes. The trader receives detailed statistics on his trades and feeds. Parts of these statistics are public and can be viewed by followers or shared on social media platforms
About The Tycoon Token
The Tycoon Token serves as a payment currency, just as BTC and ETH. When you use the Tycoon Token, you will receive discounts on fees and profit shares, similar to BNB on Binance.
Max. supply: 140 million
ICO Price: 0.10 $
5% Bounty/ Airdrop
Why You Should Choose Tycoon?
Manage your own investment at preferred exchanges
Secured API connection in real time
The platform is developed with the highest security standards
Investment is never stored on the platform
January - August 2018
Hackathon with development team in Belgrad (Serbia)
Start October 2018
December 2018 - March 2019
Second half of 2019
Product Launch - MVP
Public demo account testing
Second half of 2019
Second half of 2019
Platform Update - Final
MEET THE AMAZING TEAM
Hakan Turgut: Principal Chief Executive Officer
Serdar Bisi: Chief Executive Officer
Semira Keklik: Chief Operating Officer
Pedro Merkl: Chief Innovation Officer
Moritz Böhler: Marketing executive
Michael Trossowski: Head of Support
Talha Uslu: ICO Marketing
Yagan Aytis: Marketing & Communication
Marcel Hess: Digital marketing
Axel Hellinger: Legal advisor
Timo Trippler: ICO advisor
Daniel Brown: Business Development
Dennis Anselm: Corporate network
FBe a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.